T test to compare the population means

Assignment Help Finance Basics
Reference no: EM131000690

The data in the table below are from two populations that may or may not be the same.

XU

0.65

YU

1.01

2.01

1.75

1.80

1.27

1.13

2.48

1.74

2.91

1.36

2.38

1.55

2.79

1.05

1.94

1.55

 

1.63

 

(i) Carry out a two-sample test to compare the population means. What  assumptions are required for this to be a valid test? At the α = 0.05 signi?cance level, what does this result imply about the null hypothesis?

(ii) Carry out a MWW test to determine if the two populations have the same medians or not. At the α = 0.05 signi?cance level, what does this result imply about the null hypothesis?

(iii) It turns out that the data were generated from two distinct uniform distributions, where the Y distribution is slightly di?erent. Which test, the parametric or the nonparametric, is more effective in this case? Offer some reasons for the observed performance of one test versus the other.

(iv) In light of what was speci?ed about the two populations in (iii), and the p-values associated with each test, comment on the use of α = 0.05 as an absolute arbiter of signi?cance.

Reference no: EM131000690

Questions Cloud

Elite product drat has an awareness of 72% : Digby's Elite product Drat has an awareness of 72%. Digby's Drat product manager for the Elite segment is determined to have more awareness for Drat than Andrews' Elite product Ark. She knows that the first $1M in promotion generates 22% new awarenes..
How does the compound annual return on your disney stock : What types of goals have been set by management to improve efficiency in operations, and have those goals been met?
Sampling distribution of sample mean : Unfortunately, the random variable in question is exponentially distributed; the sample size of 10 is considerably smaller than is required for a normal approximation to be valid for the sampling distribution of the sample mean; and  therefore  no ..
The following information is taken from the inventory record : Assuming that CNB uses a periodic inventory system and employs the average cost method, determine cost of goods sold for September and September's ending inventory.
T test to compare the population means : Carry out a two-sample t test to compare the population means. What  assumptions are required for this to be a valid test? At the α = 0.05 signi?cance level, what does this result imply about the null hypothesis?
How to create an equation to predict the number : Explain to Bobby how to create an equation to predict the number of blackberries he can expect based on the number of square feet he maintains
Determine the cost of goods sold for 2011 : Determine the cost of goods sold for 2011 using the FIFO method. [Hint: Determine the cost per unit of 2011 purchases.]
Euclidean algorithm : For each of the following pairs of numbers, use the Euclidean algorithm to compute gcd(a, b) and to find integers x, y such that ax + by = gcd(a, b)
If steel case had used fifo to value its inventories : If Steel case had used FIFO to value its inventories, what would cost of goods sold have been for the 2009 fiscal year?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd